The bankruptcy attorneys at the Law Offices of Gregory Krasovsky provide legal counsel and representation to individuals filing for Chapter 13 bankruptcy. In order to ensure that a Chapter 13 bankruptcy is undertaken with the greatest efficiency, it is important to work with a skilled bankruptcy attorney. For legal support, contact a Chapter 13 bankruptcy lawyer today to schedule a free consultation.
At the Law Offices of Gregory Krasovsky, we understand that individuals can fall into debt for a variety of reasons. Sometimes medical costs get out of hand and at other times housing value has fallen in your neighborhood. Filing for bankruptcy under Chapter 13 can provide you with much needed time to stave off the pernicious effects of excessive debt.
Chapter 13 bankruptcy has many advantages. Individuals filing for it will usually have 3-5 years to repay all debts. For the duration of bankruptcy proceedings, all foreclosures are forestalled, along with all debt collection measures. It should be noted that as soon as the bankruptcy case is over, foreclosures can commence. Additionally, filing for bankruptcy under Chapter 13 can often cause the debtor to repay less of the debt than he or she owes. The primary disadvantage of filing under Chapter 13 is that the filer cannot obtain credit without the permission of the bankruptcy courts.
The attorneys at the Law Offices of Gregory Krasovsky can provide legal assistance in every step of Chapter 13 bankruptcy proceedings. We will represent you in court, help you obtain additional credit, and fight for the most advantageous debt repayment plan. Our goal is to minimize your financial burden.
Contact our attorneys today for a free consultation.